Retail Accountant

Job Title: Retail Accountant

Reporting To: Head Of Finance

Key Results Area:

  • Ensure that the financial records are accurate, complete, and in compliance with generally accepted accounting principles
  • Prepare and distribute the Management Accounts within the reporting cycle
  • Manage the entities working capital
  • Ensure all recons are done on time; Bank and Balance Sheet
  • Manage supplier payments and circulate creditors ageing on a weekly basis
  • Manage the daily shop cash ups and petty cash
  • Manage the retail entities end to end banking requirements
  • Ensure supplier contributions are captured on time and follow up on any outstanding payments.

Job Specific Requirements

Month End Reporting

  • Process all the standard/ recurring Journal entries i.e Depreciation, leave accrual, etc
  • Monthly bank recons and allocations. For Color Café Zambia, recons are done in ZMW.
  • Creditors reconciliation
  • Raise invoice for the shared BCs and follow up on outstanding invoices.
  • Obtain sales by brand from BI and Raise commission invoices
  • Send Customer Transaction report for the month to external service provider
  • Obtain intercompany invoices from the Company and process in Retail Business
  • Send all invoices for the month to an external service provider and review the VAT and WHT calc for the month
  • Process payment for the WHT and VAT
  • Finalise Intercompany recons before month end Close – No further intercompany transactions can be posted post this date
  • Examine financial statements to make sure they’re accurate and comply with the relevant laws and regulations
  • For Color Café Zambia, convert the income statement into ZAR and analyze the numbers
  • Analyze the entities performance against budget and prior year same period
  • Prepare a short summary of each entity’s monthly performance

Retail Entities Cash Management

  • Prepare Weekly EOD Variance Analysis
  • Complete Bank Reconciliations
  • Process payments on time
  • Working Capital Management
  • Communicate any back orders with the Supply Chain management on a weekly basis.

Ongoing Tasks

  • Managing intercompany transactions.
  • Check/update Fixed Asset Register for movements during the month
  • Develop financial strategies based on business goals and market trends to identify ways that the company can manane its operating costs

Educational requirements

  • Matric or Grade 12
  • Diploma/Degree in Accounting
  • 3 – 5 years experience
  • PC Literacy – Advanced level
  • Working knowledge of Syspro.

Knowledge, skills and attributes required 

  • Analytical
  • Ability to work independently
  • Ability to work under pressure
  • Administrative skills
  • Assertiveness
  • Confidence and integrity
  • Excellence orientation
  • Excellent Planning ability
  • Excellent verbal and written communication
  • Flexibility and the ability to manage change
  • Good organisational skills and a high degree of accuracy is required
  • Hands on
  • Interpersonal Skills
  • Logical Reasoning Skills
  • Project Management
  • Self motivated
  • The ability to work well as part of a team
  • The ability to work with people at different levels

Application Form

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